This document summarizes a conference on business opportunities between Norway and Brazil held in 2001. It discusses Brazil's growing economy since the 1960s and its designation as a BRIC country in 2001. Several Norwegian companies provide their experiences investing and operating in Brazil, including successes in the oil and gas industry. Students from Norway and Brazil discuss collaboration opportunities. The legal and tax aspects of the oil and gas industry in Brazil are also covered. A panel debate addresses ongoing collaboration between the two countries.